Treasure Island is the northern-most project that is considered the most “fertile gold camp.”
Canada Mining News
De Beers acquired Peregrine and all its Canadian projects in a friendly deal in September for 24 cents a share or $107 million.
The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.
The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.
Company said feasibility study for its Boto gold asset outlines an economically robust, low cost production project which will produce 140,000 ounces of gold annually on average over a 13-year lifespan.
Objective is to expand upon the Father's Day Vein high grade gold discovery at the A Zone area of the Beta Hunt mine, near Kambalda, Western Australia.
The mine has been closed since 2015 after Yukon Zinc lost over $100 million in each of the three years it was in production.
Private equity firm Waterton Global Resource Management, which now owns about 7 percent of Hudbay, called meeting after the Canadian base and precious metals refused a proposal for board changes.
The government has introduced new regulations to ban asbestos and products containing asbestos, but they don't apply to residues left from mining the carcinogenic material.
The mining and quarrying industry is seeking government funding for an airborne geophysical survey program, considered an essential tool for attracting investment and job creation to the province.
The company is also seeking direct talks with the country's government, as it's been excluded so far from negotiations between controlling shareholder, Barrick Gold, and President John Magufuli.
Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.
Employees can now access up to 10 days of paid extra leave, flexible work hours, financial aid and emergency accommodation.
Canada's move to drop a 10 percent duty on U.S.-made aluminum cans is good news for Canadian beer makers battling a shortage of tall cans.
Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve the right to do anything it deemed necessary to improve the company’s performance, said sources.
A rebound in mining mergers and acquisitions is set to continue into 2019, as a dearth of exploration spending leaves the industry in need of fresh investment.
The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.
US hedge fund Livermore Partners is calling for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company.
The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs.
First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.
Golden Dawn Minerals, KG Exploration Inc. and GGX Gold Corp. are among the companies setting foot in the area.
Settlement creates partnership that could lead to restarting production at Rusoro's former mines in the South American country.
The US imposed the tariffs on Canada and Mexico in June. Although Canada and Mexico agreed a renewed continental trade deal last week, the measures remain.
Darren Blasutti, President and CEO of Americas Silver says interest in the sector is picking up and that his company’s recently announced acquisition of Pershing Gold is a good example of that.
The companies will focus on mining exploration on the lunar surface and expect to pre-test later stage activities, such as excavation and infrastructure buildup.